0
0.0
Feb 15, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
elsewhere, renault posted a record operating margin at 7.9%. the french automaker posted 2.3 billion euro for the year on 50 billion euro revenue since scrapping plans to list the unit in january. the ceo gave his thoughts on what is next for the company this year. >> i think it will be a lot of pressure on ev and reduction of pricing that we see since a few months. i think in the case of renault, we are relatively productive in our guidance. we are also on the other side optimistic. we will be launching ten models. we are entering into the favorable product life cycle, including ev cars because we are bringing small ev platform with the renault 5 which is the first one of the european oem. let's keep in that positive dynamic for 2024. the market is challenging, obvi obviously. >> luca, it is challenging. you have taken a swing at the shareholders. the childish swing or pendulum swing in the approach to ev. are they being childish about the prospects for the sector or are they being concerned about the profitability of ev growth? >> i think the
elsewhere, renault posted a record operating margin at 7.9%. the french automaker posted 2.3 billion euro for the year on 50 billion euro revenue since scrapping plans to list the unit in january. the ceo gave his thoughts on what is next for the company this year. >> i think it will be a lot of pressure on ev and reduction of pricing that we see since a few months. i think in the case of renault, we are relatively productive in our guidance. we are also on the other side optimistic. we...
0
0.0
Jan 30, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
renault has scrapped the planned ipo of the ev business citing equity market conditions. the offering had been expected early this year targeting valuation as high as 10 billion euro. the ceo said he is confident that renault can support the development of the ev unit. >> we are realizing more and more the performance of the group which is getting better and better. compared to the assumption two years ago where we announced the project and the ipo and i think the company has changed to go to another level and that allows us to complete the project including the cash burn in the first 18 months of its life. we don't neepowerco. investor interest remains high and ipo is still an option. this after the report from bloomberg that the carmaker was delaying over the cooling market for evs. plenty to think about in the auto space this morning with renault cancelling the ipo and then all of the reports around volkswagen and battery unit as well. >>> 21 strong is setting the stage to value the arcteryx sportswear company at $18 billion. the investors includings lululemon founder
renault has scrapped the planned ipo of the ev business citing equity market conditions. the offering had been expected early this year targeting valuation as high as 10 billion euro. the ceo said he is confident that renault can support the development of the ev unit. >> we are realizing more and more the performance of the group which is getting better and better. compared to the assumption two years ago where we announced the project and the ipo and i think the company has changed to...
0
0.0
Apr 23, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
when it comes to the corporate stories in europe, we are looking at renault. the company has reported first quarter revenue of 11.7 billion euro on the back of the stronger order book in europe. the french carmaker confirmed the full-year outlook. charlotte is joining us with more on the story. charlotte, what is the latest from renault? >> silvia, the numbers were better than than expected. revenue up 6%. volume was up 2.6% as well with the cfo saying he expect the volume to increase in the second half of the year and stronger ev penetration as well in the second half of the year. they confirmed the target of 7.5%. you remember that is a cautious note from renault because they were lower than last year. this year will be tough for the ev maker with the chinese companies entering the market. it will be tougher. they are continuing with the stretch there pushing into the evs. this is going to lower the ev cost by 40% by 2027 and try to make the evs more affordable. they are launching more cheaper models. it will cost 25,000 euro and try to make this more afford
when it comes to the corporate stories in europe, we are looking at renault. the company has reported first quarter revenue of 11.7 billion euro on the back of the stronger order book in europe. the french carmaker confirmed the full-year outlook. charlotte is joining us with more on the story. charlotte, what is the latest from renault? >> silvia, the numbers were better than than expected. revenue up 6%. volume was up 2.6% as well with the cfo saying he expect the volume to increase in...
0
0.0
Feb 5, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
this is due to stellantis and the potential tie-up with renault. that is media speculation. stellantis is trading weaker in trading and the ongoing p competition from china is weighing on automakers. and oil and gas with the bounce in spot oil prices especially with the jitters in the middle east over the weekend. retail is down .40%. it is important to look at what happened in the asian session. it was volatile. this is just happened overnight with the three asian indices. shenzhen was down 6% in trading before somewhat recovering by the end of the day. still, down significantly at more than 2.5% today in the trading session. actually down 3%. shanghai composite down 1% as well. these chinese stocks cannot seem to get a bid. we saw brief support throughout the course of the week, but it is very challenging. the support doesn't appear to be sustainable. >>> elsewhere, the united states will launch further strikes against iran-backed groups in the middle east according to the white house security adviser jake sullivan. this comes after the attacks on iraq, syria and yemen ove
this is due to stellantis and the potential tie-up with renault. that is media speculation. stellantis is trading weaker in trading and the ongoing p competition from china is weighing on automakers. and oil and gas with the bounce in spot oil prices especially with the jitters in the middle east over the weekend. retail is down .40%. it is important to look at what happened in the asian session. it was volatile. this is just happened overnight with the three asian indices. shenzhen was down 6%...
0
0.0
Feb 16, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
renault and stellantis. and keeping a close eye on the macro data with the uk retail sales which are strong this morning. the strongest increase month on month in a couple of years since april of 2021. if you take that in conjunction with the data this week, we had weaker cpi and retail sales, it has been mixed. in terms of foreign exchange, this is the currency this morning. the euro is 107.70. dollar/yen versus the nikkei, you will see in the last couple months which has been moving in tandem. you have to wonder how much of that performance in the nikkei is due to the weaker yen. something to think about. the pound is trading weaker despite the stronger retail sales print. >>> as for yields, ten-year bund is .30% higher. btp is higher. after the nfp print last friday, we saw that continue with the cpi. we are coming back with the two-year note at 0.64%. the market pushed back the timing of the first rate cut. we now see june being when the fed will start the cutting cycle. this is the picture today. we hav
renault and stellantis. and keeping a close eye on the macro data with the uk retail sales which are strong this morning. the strongest increase month on month in a couple of years since april of 2021. if you take that in conjunction with the data this week, we had weaker cpi and retail sales, it has been mixed. in terms of foreign exchange, this is the currency this morning. the euro is 107.70. dollar/yen versus the nikkei, you will see in the last couple months which has been moving in...
0
0.0
Feb 9, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
overall, as you can see the share price just over 12-month basis managing to gain 19% with renault going down. toyota managed to gain 35% over the 12-month period. toyota gained 151% over a f five-year period. ford and honda and toyota when you compare the forward pes. nissan forward pe, fall. ford, 8.5. toyota at 11%. perhaps you can tell investors are not too happy right now with that stock. >> fascinating. thank you, arabile. it underscores the issues with the automakers. >>> one in four adults in america are set to bet on the super bowl this year waging a record $23.1 billion according to data from the american gaming association. that would work a 35% rise in betting volumes from last year as the popularity of sports betting surges stateside. the super bowl takes over the gaming capcapital. let's get to nbc's jay gray from las vegas. jay, what are the betting markets saying? the chiefs or 49ers? my knowledge is very bad. is it taylor swift who takes all the glory? >> reporter: i think a lot more people are interested in wagering on whether taylor swift will make it from tokyo in tim
overall, as you can see the share price just over 12-month basis managing to gain 19% with renault going down. toyota managed to gain 35% over the 12-month period. toyota gained 151% over a f five-year period. ford and honda and toyota when you compare the forward pes. nissan forward pe, fall. ford, 8.5. toyota at 11%. perhaps you can tell investors are not too happy right now with that stock. >> fascinating. thank you, arabile. it underscores the issues with the automakers. >>>...
0
0.0
Feb 7, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
here we're seeing a solid performance out of automaker stellantisand renault putting in in good favor and then foottse 100, we're dow bit. we spoke about homebuilders in general. there is a bit of divergence, of course, with the big deal going through with barrett developments arabile is going to tell us more later on in the show. >>> this is what we have in terms of leadership. auto is leading at the top food and bev up 0.8% telco's down half a percent. health care also lagging down half a percent as well. >>> let me switch to the macro because we got some interesting commentary overnight ecb's board member has warned lower barring costs based on expectations of rate cuts, risk flaring up recent data shows the last mile may be the most difficult one on inflation while cautioning against any imminent change to the central bank's policy stance. >>> and it's not just ecb commentary loretta mester says the fed will start lowering rates as the economy moves forward as expected but declined to give a timeline mester said she's content where monetary policy stands and says it allows officia
here we're seeing a solid performance out of automaker stellantisand renault putting in in good favor and then foottse 100, we're dow bit. we spoke about homebuilders in general. there is a bit of divergence, of course, with the big deal going through with barrett developments arabile is going to tell us more later on in the show. >>> this is what we have in terms of leadership. auto is leading at the top food and bev up 0.8% telco's down half a percent. health care also lagging down...